What Are the Must-Have Car Insurances?
2 Answers
Car insurances that must be purchased include compulsory traffic insurance, third-party liability insurance, vehicle damage insurance, theft insurance, passenger liability insurance, scratch insurance, spontaneous combustion insurance, and water-related damage insurance. Below is an introduction to the relevant contents of purchasing insurance: 1. Purchasing Methods: Car insurance can be reasonably purchased according to the owner's needs, either at a 4S shop or elsewhere. 2. Buying a Car with a Loan: Generally, when buying a car with a loan, insurance needs to be purchased at the dealership, and a certain amount of renewal deposit will also be charged. 3. Compulsory Traffic Insurance: This is a mandatory insurance in China and is a type of insurance that all vehicles must purchase. 4. Insurance Items: If the accident-involved vehicle is covered by compulsory third-party liability insurance for motor vehicles, the insurance company will pay the rescue expenses within the liability limit.
When I bought my car before, I was thinking about what insurance was a must-have. The expert told me that legally it's called compulsory traffic insurance, the full name is Compulsory Motor Vehicle Traffic Accident Liability Insurance, you must get it, otherwise the car can't be registered for road use, and you'll be fined for violations. I also added third-party liability insurance and car damage insurance on my own, because accidents often come unexpectedly. If you hit someone else's car, the coverage of compulsory insurance alone isn't enough, and paying out of pocket would be a huge loss; as for car damage insurance, it protects your own repair costs from being ripped off. For beginners, it's recommended to buy comprehensive coverage at first, then gradually streamline it, so you can drive with peace of mind. Don't skimp on these small amounts. These insurances are economic protective shields, simply put, they're mandatory expenses against accidents. Don't wait until something happens to regret it. In short, check the contract details carefully and choose a reliable company.
